Question
A bond is listed in the Financial Post as a 8.800 of September 22/25. This bonds pays: A. $88.25 in July and January B. $44
A bond is listed in the Financial Post as a 8.800 of September 22/25. This bonds pays: A. $88.25 in July and January B. $44 in July and January C. $88.25 in July D. $44 in July
The answer is B. I know how to get 44$, but i do not know how to get the time(July and January) to pay?
and I want to know what mean of "September 22/25"
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Derivatives Markets
Authors: Robert L. McDonald
2nd Edition
032128030X, 978-0321280305
